Mercury Marine has begun the process of repaying a $50 million loan it received from Fond du Lac County in installments in 2009 and early 2010.

Written by

Mercury Marine has begun the process of repaying a $50 million loan it received three years ago from Fond du Lac County.

A check for $3,274,500 from Mercury Marine was received by the Fond du Lac County Economic Development Corporation (FCEDC) and transferred to Fond du Lac County on Dec. 24. It is the first of 10 scheduled annual payments.

"I'm very pleased with what Mercury has been able to accomplish in the last three years - the expansion of the facility and increase in workforce," Fond du Lac County Executive Allen Buechel said. "It's what we hoped would happen." ...